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The Estimation of Complete Almost Ideal Demand System from Czech Household Budget Survey Data

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Abstract

The aim of this paper is to provide a reliable set of income, own-price, and cross-price elasticities of demand for the consumer goods, foods and alcohol beverages based on Almost Ideal Demand System model applied to the most relevant Czech data set of Household Budget Statistics. While we concentrate on the last stage of our complete demand system which is concerned with the demand for beverages, the estimates obtained in the first (all consumption goods) and second (food) stages of our model may be used for consumer demand analysis with respect to any consumption group considered in our model.

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File URL: http://ies.fsv.cuni.cz/default/file/download/id/12478
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Bibliographic Info

Paper provided by Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies in its series Working Papers IES with number 2009/31.

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Length: 25 pages
Date of creation: Dec 2009
Date of revision: Dec 2009
Handle: RePEc:fau:wpaper:wp2009_31

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Keywords: Almost Ideal Demand System; consumption; the Czech Republic; elasticity; price; spirits; tax; wine; beer;

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